China released its 2015, fourth quarter results on Tuesday; the fact that China's economy is decelerating has been. In the last months of 2016 the Chinese economy was galloping at 6,9%, which brings us to an annualized GDP growth of 6,8%. These headline numbers are hardly the staff “crises” are made of around the world, but falling short of 7% was significant for China.

The deceleration of the Chinese economy is gradual, going from 9,5% in 2011, to 7,3% in 2014, to 6,8% in 2015; 6,3% is proje...

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